Macroeconomic Policy

Negative Interest Rates: A symptom of the crisis or instrument for recoveryC.P. Chandrasekhar

March 30, 2017

The failure of the macroeconomic stance of shifting away from fiscal policy to an almost exclusive reliance on monetary policy has led to the phenomenon of negative rates in countries other than the United States, and the first sign of even a partial recovery in that country has been enough to set off a reversal.